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DALLAS — Newport Beach, Calif.-based KBS Realty Advisors has acquired Providence Towers, a 12-story, approximately 500,000-square-foot office tower located at 5001 Spring Valley Rd. in Dallas. Amenities at the Class A property include a fitness center, two conference rooms, an on-site restaurant and a bank branch. The project is approximately 90 percent occupied by a tenant mix that includes DeGolyer & MacNaughton, Time Warner, Morgan Stanley, Hilton Hotels and Henry S. Miller. The property is in the process of applying for LEED certification. The seller was CB Richard Ellis Investors. The transaction was negotiated by CB Richard Ellis. The acquisition price was not disclosed.

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